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The authors of ECONOMICS: PRIVATE AND PUBLIC CHOICE integrate applications, real-world data and coverage of the 2008-2009 recession to help basic economic concepts come alive for the reader. The text focuses on the power and relevance of the economic way of thinking, helping the reader to apply economic principles to the world around them.

The Economic Way of Thinking

The Economic Approach

Some Tools of the Economist

Markets and Government

Supply, Demand, and the Market Process

Supply and Demand: Applications and Extensions

Difficult Cases for the Market and the Role of Government

The Economics of Collective Decision Making

Core Macroeconomics

Taking the Nation's Economic Pulse

Economic Fluctuations, Unemployment, and Inflation

An Introduction to Basic Macroeconomic Markets

Dynamic Change, Economic Fluctuations, and the AD-AS Model

Fiscal Policy, Historical Perspective and the Keynesian View

Fiscal Policy, Incentives, and Secondary Effects

Money and the Banking System

Modern Macroeconomics and Monetary Policy

Stabilization Policy, Output, and Employment

Creating an Environment for Growth and Prosperity

Institutions, Policies, and Cross-Country Differences in Income and Growth

International Economics

Gaining from International Trade

International Finance and the Foreign Exchange Market

Core Microeconomics

Consumer Demand and Elasticity

Costs and the Supply of Goods

Price Takers and the Competitive Process

Price-Searcher Markets with Low Entry Barriers

Price-Searcher Markets with High Entry Barriers

The Supply of and Demand for Productive Resources

Earnings, Productivity, and the Job Market

Investment, the Capital Market, and the Wealth of Nations

Income Inequality and Poverty

Applying the Basics: Special Topics

Government Spending and Taxation

The Internet: How Is it Changing the Economy? 3 the Economics of Social Security

The Stock Market: Its Function, Performance, and Potential as an Investment